Subject: Sound policy
Content: Sound policy Sound policy and justice, then, forbid us to require of a bank to furnish a currency that would be of precisely the same value every where, no less than the regard which the bank has for its own safety; in which safety, the community also has a great interest. But, by not imposing on jimmy choo uggs the bank this impracticable duty, and leaving it free to act according to its discretion and its interest, Timberland Boots it may approach very nearly to the desired uniformity far more nearly than ever has been practicable, or ever can be, to independent state banks. It has also been maintained, that the financial services rendered to the government by a national bank may be rendered Timberland Boots for Men by state banks.Little need be said, at the present day, to prove the superior fitness of a national bank as a financial agent of the government. While the public money was deposited with the late bank of the United States, or its predecessor, the funds were Timberland Outlet placed wherever they Timberland Boots for Women were wanted, with punctuality and despatch, and without the loss of a single dollar; but, during the three or four years since Cheap Timberland Boots the state banks were used by the federal government, it has already lost large sums, by the failure of several. Nor does it seem reasonable to suppose that the jimmy choo jimmy choo shoes service is done as well, or Timberland Boots Outlet can be done as well, by banks which are independent of one another, and responsible to different legislaturesas by a number of banks under the immediate control of one common head, and eventually responsible to the federal legislature; and in whose immediate management the government may be expected to participate, through the directors appointed by itself.Sometimes, too, the United States treasury has occasion, in its financial duties,for the services of a bank that are out of the ordinary routine of business.
VIEW FULL VERSION: Link